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Q 1/24
Score 0
An economic system that blends elements of both capitalism and socialism, where both private enterprise and government play roles in the economy.
30
Mixed Economy
Command Economy
Planned Economy
Pure Capitalism
Q 2/24
Score 0
An economic system that relies on voluntary exchange in a free market with minimal government intervention.
30
Market Economy
Command Economy
Traditional Economy
Cooperative Economy
24 questions
Q.
An economic system that blends elements of both capitalism and socialism, where both private enterprise and government play roles in the economy.
1
30 sec
Q.
An economic system that relies on voluntary exchange in a free market with minimal government intervention.
2
30 sec
Q.
A traditional economic system that is based on customs, beliefs, and barter rather than on the use of money.
3
30 sec
Q.
A form of protest in which a group of people refuse to buy or use something.
4
30 sec
Q.
Goods that are used to produce other goods or services, often referred to in economics.
5
30 sec
Q.
A system of money in general use in a particular country.
6
30 sec
Q.
The process of exchanging one type of currency for another, typically for the purpose of international trade.
7
30 sec
Q.
Official restrictions placed on trade with a particular country, often for political reasons.
8
30 sec
Q.
The natural world, including the air, water, and land, and the impact of human activity on these elements.
9
30 sec
Q.
The skills, knowledge, and experience possessed by an individual, which are valuable in the workforce.
10
30 sec
Q.
To examine or inquire into something systematically in order to uncover facts or information.
11
30 sec
Q.
The percentage of people in a given area who can read and write.
12
30 sec
Q.
Able to read and write; having knowledge or education in particular areas.
13
30 sec
Q.
A raw material or primary agricultural product that can be bought and sold, often found in nature.
14
30 sec
Q.
A limit set by a government on the quantity of a product that can be produced, imported, or exported.
15
30 sec
Q.
A geographic area distinguished by similar characteristics or features, such as culture, climate, or economy.
16
30 sec
Q.
A punitive measure imposed by one country on another to encourage compliance with international laws or norms.
17
30 sec
Q.
A supreme ruler or authority, often used in the context of a kingdom or independent state.
18
30 sec
Q.
The process in which individuals or groups focus on a limited scope of products or services, enhancing efficiency and expertise.
19
30 sec
Q.
The measurement of the overall comfort and economic well-being of a group, often determined by factors like income, employment, and access to services.
20
30 sec
Q.
The relationship between the quantity of a product that producers are willing to sell and the quantity that consumers are willing to buy.
21
30 sec
Q.
A tax imposed on imported goods, often used to protect domestic industries.
22
30 sec
Q.
Obstacles or restrictions that governments put in place to control the amount of goods and services that can be traded internationally.
23
30 sec
Q.
A type of exchange that occurs when both parties voluntarily agree to trade goods or services without coercion.
